IQST - iQSTEL Grows 16% In April To $5.28 Million In Revenue Toward $60.5 Million Annual Forecast
May 19 2021 - 8:00AM
InvestorsHub NewsWire
New York, NY --
May 19, 2021 -- InvestorsHub NewsWire -- iQSTEL, Inc. (USOTC:
IQST) today reported the company reached $5.28 Million in
revenue for the month of April (preliminary unaudited
figure). The April revenue represents a 16% increase over the
revenue achieved in March.
“All our
operating subsidiaries are working in concert within our collective
business plan toward our $60.4 Million revenue forecast,” said
Leandro Iglesias, iQSTEL CEO. “I reiterate what I said in our
recent letter to shareholders following the close of Q1:
‘Of course, we
still have room to improve, and every day the management team keeps
focusing on increasing the company business value, reducing costs,
reducing expenses, increasing profit, and increasing revenues, all
at the same time’ ".
iQSTEL reported
182% revenue growth in Q1-FY2021 keeping the company well on track
to its $60.5
Million Annual Revenue
Forecast.
About iQSTEL
Inc.:
iQSTEL Inc (OTC:
IQST) (www.iQSTEL.com)
is a US-based publicly-listed company offering leading-edge
Telecommunication, Technology and Fintech Services for Global
Markets, with presence in 13 countries. The company provides
services to the Telecommunications, Electric Vehicle (EV),
Liquid Fuel Distribution, Chemical and Financial Services
Industries. iQSTEL has 4 Business Divisions: Telecom, Technology,
Fintech and Blockchain, with worldwide B2B and B2C customer
relations operating through its subsidiaries: Etelix, SwissLink,
QGlobal SMS, SMSDirectos, IoT Labs, Global Money One and itsBchain.
The Company has an extensive portfolio of products and services for
its clients: SMS, VoIP, 4G & 5G international infrastructure
connectivity, Cloud-PBX, OmniChannel Marketing, IoT Smart Electric
Vehicle Platform, iQ Batteries for Electric Vehicles, IoT Smart Gas
Platform, IoT Smart Tank Platform, Visa Debit Card, Money
Remittance, Mobile Number Portability Application MNPA (Blockchain
Platform) and Settlement & Payments Marketplace (Blockchain
Platform).
Safe Harbor Statement: Statements in
this news release may be "forward-looking statements".
Forward-looking statements include, but are not limited to,
statements that express our intentions, beliefs, expectations,
strategies, predictions or any other statements relating to our
future activities or other future events or conditions. These
statements are based on current expectations, estimates and
projections about our business based, in part, on assumptions made
by management. These statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that
are difficult to predict. Therefore, actual outcomes and results
may, and are likely to, differ materially from what is expressed or
forecasted in forward-looking statements due to numerous factors.
Any forward-looking statements speak only as of the date of this
news release and iQSTEL Inc. undertakes no obligation to update any
forward-looking statement to reflect events or circumstances after
the date of this news release.
iQSTEL
Inc.
IR US Phone: 646-740-0907, IR Email:
investors@iqstel.com
Source: iQSTEL Inc. and its
subsidiaries: www.iqstel.com
iQSTEL (QX) (USOTC:IQST)
Historical Stock Chart
From Mar 2024 to Apr 2024
iQSTEL (QX) (USOTC:IQST)
Historical Stock Chart
From Apr 2023 to Apr 2024